Tobacco chief says we need to move away from ‘quit or die’ mindset and towards vapes vape A top exec at British American Tobacco (BAT) has said we need to move away from the “quit or die” approach to smoking and invest more in sustainable alternatives like vaping. Speaking at an industry conference in Washington D.C., BAT’s chief growth officer Kingsley Wheaton called for greater collaboration between the industry and governments to [...]
Revenue climbs for British American Tobacco as cigarette alternatives start to pay off bat Revenue climbed 45 per cent to £12.8bn for British American Tobacco as the company continues to pivot towards cigarette alternatives.
British American Tobacco narrows losses for cigarette alternatives as it invests £1bn in vapes and reduced risk products smoking Vogue cigarette maker British American Tobacco reported slow revenue growth this morning, up two per cent.
Cigarette giant British American Tobacco lures more new vaping customers so far this year than all of 2020 December 7, 2021 Cigarette giant British American Tobacco (BAT) said this morning it has seen around 3.6m new customers start using its vaping, heated tobacco and oral products in the first nine months of this year, more than in all of 2020. The business said that its non-combustible products, which include those three types, had 17.1m customers at [...]
Firms called on to ban social media influencers promoting nicotine products November 8, 2021 A coalition of over 100 global health and anti-smoking groups have called for companies to stop social media influencers promoting nicotine products, according to reports. Following a swathe of endorsements by social media influencers of a type of flavoured nicotine pouch, produced by British American Tobacco (BAT), the group wrote a letter to the chief [...]
City bribery: British American Tobacco accused of arranging Mugabe bribe September 13, 2021 One of the largest tobacco companies in the world has been accused of bribing Robert Mugabe, the former president of Zimbabwe. City-based British American Tobacco (BAT) was part of negotiations to pay between $300,000 and $500,000 to Zanu-PF, Mugabe’s political party in 2013, according to a BBC Panorama investigation, which will be aired this evening. [...]
British American Tobacco smoking alternatives revenues take off July 28, 2021 British American Tobacco has seen its smoking alternatives take off, as the new products brought in £883m alone and customers increased at their highest rate yet. Its smoking alternatives like vape, tobacco heating and modern oral products brought in more than 40 per cent more revenue in the six months to 30 June than in [...]
British American Tobacco lifts guidance as smokers switch to less harmful products June 8, 2021 British American Tobacco (BAT) has raised its full-year revenue guidance after the cigarette maker’s focus on new products such as e-cigarettes paid off. The world’s second-biggest cigarette maker, which owns brands such as Dunhill and Lucky Strike, said its revenue will grow by more than five per cent, exceeding its original three to five per [...]
Secretive billionaire Kenneth Dart builds £5bn stakes in Big Tobacco April 29, 2021 A reclusive billionaire known for so-called vulture fund investments has built stakes worth nearly £5bn in two of the world’s largest tobacco companies. Cayman Islands-based Kenneth Dart, who is heir to a US foam cups empire, has built a seven per cent stake in British American Tobacco and snapped up three per cent of rival [...]
Tobacco stocks in the red on UK’s £40m cigarette butt cleaning plan March 30, 2021 Tobacco stocks slipped into the red today after the government unveiled plans to slap manufacturers with the £40m annual cost of cleaning up cigarette butts. In a statement this morning junior environment minister Rebecca Pow said the UK was looking at how tobacco firms could be “held fully accountable for the unsightly scourge of litter [...]